Mizuho CEO to step down to take responsibility for system failures – Nikkei

By:

Updated: Nov 18, 2021, 15:27 UTC

TOKYO (Reuters) - Mizuho Financial Group Chief Executive Officer Tatsufumi Sakai intends to step down to take responsibility for a series of system failures this year, the Nikkei business daily reported on Thursday.

Mizuho Financial Group's Chief Executive Officer Tatsufumi Sakai attends an interview with Reuters at the company's headquarters in Tokyo

TOKYO (Reuters) – Mizuho Financial Group Chief Executive Officer Tatsufumi Sakai intends to step down to take responsibility for a series of system failures this year, the Nikkei business daily reported on Thursday.

The banking group’s nomination committee will start discussions to select a new management team, the Nikkei said.

When asked for comment, a Mizuho spokesperson said nothing has been decided.

(Reporting by Makiko Yamazaki; Editing by Kirsten Donovan)

About the Author

Reuterscontributor

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products: